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Search Results 0 to 49 of about 121 (some duplicates have been removed)
CNBC
Oct 9, 2012 7:00pm EDT
with this story that is happening right now. the government has continued it's vendetta against big banks. the government accuses the mortgage lender of reckless trifecta issuing at least 100,000 affected loans. this story comes as the cnbc.com story makes headlines. the question is why is the government and the taxpayor still in the housing business? let's go to our guest. diana, good evening. >> well look, confidence in housing is coming back. especially in home prices. some say they think home prices will fall further. optimism has been rising for 11 straight months. you don't have to look farther than record low mortgage rates. some claim it is a government subsidy. there are short sales. it is fast becoming the exit of choice for banks and sellers. they are now moving faster thanks to government mandated streamlining and incentives. hofa has so far paid out $333 million for short sales part of the $10 billion that was set aside for the loan modification program. also pushing short sales so far under that program the banks have forgiven $8.67 billion in mortgage debt. that is tax free
FOX News
Oct 9, 2012 1:00pm PDT
about big bird and cutting the government's apron springs doesn't cut it what does? >>guest: this is fought a serious debate when president obama said we cannot cut one small program. to we cannot cut this program what can we cut? we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame street" on pay for profit television. my feeling is, if people like warren buffett and people like ted turner feel this is such an important programming, why shouldn't they pay for it? >>neil: the issue here, you know, is what we spending and where we cut back on spending. the argument the liberals give you, maybe we just charge more for what we are spending money on. that gets back to mor
CNBC
Oct 8, 2012 4:00am EDT
." and too late. if you haven't got your application in, it is too late. bank of england government job should have been in half an hour ago. so if you didn't make it, you're not going. jim o'neill wasn't applying, scott mcdonald wasn't applying either. i didn't get mine in. so never mind. stick here. also coming up, we'll be heading to new delhi to hear how undoing regulatory requirements could boost investments. details from one of the author of the quarterly cfo survey. and also president chavez is fig celebrating a hard-fought victory. if you have any thoughts, comments, whatever you like, e-mail us worldwide@cnbc.com or tweet @cnbcwex or @rosswestgate. first we'll turn our attention to china. analysts say there is hope the mainland services sector can help offset weakness in the manufacturing side. hsbc also says early easing measures and stronger consumption demand may have helped world bank is warning it needs to brace for slow growth. it's their slowest pace since 2001. it's because of the exposure to china which also had its outlook cut. joining uses for more, norman chan. norm
FOX Business
Oct 3, 2012 9:20am EDT
america. i say it's because of the pills of stimulus, a massive government spending, and heavy regulation simply has not produced a robust economy which would raise the middle glass. it's subdued the middle class. what's your explanation. >> well, i mean, that's the debate between governor romney and president obama. i mean, you're right. and that's the middle class is really struggling. something that's been true really for 30 years, when you look past what's happened in the middle class the last 30 years, it's basically treading water and it's gotten much tougher in the past four years, and this big debate between the two sides is whether it was, the bush policies, that preceded that president obama that was a major contributing factor or is-- a the romney campaign is trying to argue with the stimulus measures and other steps that the obama administration took. >> well, congressman, what is going to get us out of it? do you think that of continued policy of raising taxes on the rich, that's the policy. a continued regulation, under obamacare, and financial reform, continued regulation,
FOX Business
Oct 3, 2012 4:00pm EDT
to look ahead to the big government jobs report to flesh this all out on friday morning. >>> the services sector that expanded at its fastest pace in six months in september boosted by a pickup in new orders. the institute for supply management nonmanufacturing index that looks at 18 services industries increased to 55.1 last month from 53.7 in august. david: all right. we've got all this covered plus a lot where we have larry shoafer in the pits of the cme group. bob phillips, telling us why the recession already here. legendary investor wilbur ross who needs no introduction and will tell us what is he investing. larry over at the i know talking with nicole that hewlett-packard was bringing down the whole index. you look at oil. it is hard, you can't call it a crash but a 4.25% drop in oil is the biggest drop we've had in months. doesn't that show you that we're at a tippingpoint here where the weakness in the economy may finally spill over to the stock market? >> it might be one of those things that does tip over the stock market. being down 4% i like the fact, i don't think the market
CNBC
Oct 9, 2012 4:00am EDT
is she coming now, why didn't she visit the two previous governments? because she knows hostility towards her is extremely high. remember for the better part of the last three or four year, she was seen as a scapegoat for the tough austerity measures that have been implemented here and that has led to the deep, deep recession in this country. well, she wants to send a message of support and solidarity about the reform efforts that have already been taken. but privately she'll be pressuring to say you have to continue with the reform efforts and we're not coming with any gifts. we'll make no further concessions. that will be her tough message as she comes here today. back over to you. >> what's interesting is that maybe the timing of this visit there seems to be imf saying we need to have a maybe pretty big did you tell forgiveness. how hard will that be for the germans and fins and dutch? >> i think politically impossible. i think they're warm up to the notion in a they need to give greece more time. but that means money. that money has to come from somewhere. it certainly won't come from
FOX Business
Oct 9, 2012 11:00am EDT
that is operating out there on a network. it's our government infrastructure, our public infrastructure, water, the electricity grid. the grid is a massive concern right now. this issue, this cybersecurity, cyber hacking, theft of information, interference with our systems, it doesn't get the sort of coverage that it needs to get. it's still as a threat to the u.s. national security interests. it's still kind of lurking there in the shadows because of course we've been focused on the war on terror, on iran, on syria, you know, the arab spring, and so it does not get the coverage. i'm very glad that you guys are leading with this story. connell: it also could be -- you are ight about the angle then which is what we led with today about the war on terror and the possible retaliation for this video and everything else, but adam brought up the idea -- and this has been in the news this week of our relationship with china and this company 60 minutes focused on over the weekend, and you have another company zte which the house pommittee yesterday talked about. this is a murky area because obviously
CNBC
Oct 4, 2012 6:00am EDT
report from the government. today thursday's weekly jobless claims report. that hits the wires at 8:30. in the meantime, what's been happening in europe is that things have barely bunched there again and they seem to be taking their cues from us.dnched there aganfroms.gnched there agand they seem to be taking their cues from us.ched there again and they seem to be taking their cues from us.hed te again and they seem to be taking their cues from us.ed there again and they seem to be taking their cues from us. dow, nasdaq, s&p all closing slightly higher yesterday. in asia, a long week without chinese trading, but in japan, the nikkei was up by about 77 points. and in bombay, sensex up by 188 points. oil prices actually energy stocks yesterday were lagging as we saw big tumble in crude oil prices. back up by about 6 # ce4 cents, those are levels we haven't seen in quite some tile. ten year note, yielding 1.63%. so that's a slightly higher yield than yesterday. the dollar interesting story, too. you'll see that it is down against the euro. but still 1.2951. so we've been right around 1
CNBC
Oct 9, 2012 4:00pm EDT
the government out of the housing market. that's all ahead on the "closing bell." if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> all right. we got more situations developing. yum brands out with earnings. to jane wells. she's got the latest on yum brands. over to you. >> yeah, maria. you had it right going into the break. they did beat the street on the bottom line, coming in at 99 cents, excludeing special items. that's up 19% from a year ago. the top line came in a little light. the street was looking for $3.65 billion. the real story is what's happening in china. they reported an operating loss in china last quarter. this time, as promised, they have returned to double-digit profit growth with the china system sales increasing 22%. same store sales increasing 6%. now this is a slowdown
FOX Business
Oct 4, 2012 1:00pm EDT
calling mitt romney the winner. trickle-down government. i wonder what lou will say about that. lori: he has been wanting him to step out and drop the gloves. a lot of people saying he did that last night. we will also talk about retail sales. find out about these winners and losers. what stores are stocking up to grab your dollar as well. hope you like corduroys. melissa: not so much. elizabeth macdonald is at the rock 'n roll hall of fame in cleveland. she will be talking with mayor frank jackson. she will also be talking to joe roman. cleveland is open for business and we are there. lori: baseball fans, probably not a shock here, the boston red sox have fired their manager, bobby valentine. they had 93 losses last season. they finished dead last. melissa: it was a tough little series here in new york. lori: no surprise, but, boy, you just get one. to prove yourself. melissa: let's head to the floor of the new york stock exchange. nicole: we are looking at a market that has had up arrows. the dow jones industrials are up. it has pulled back a little bit. the truth of the matter is, we
FOX Business
Oct 3, 2012 11:00am EDT
to a military officers club and hotel which housed pro government forces. the state department apparently stayed out of the dispute between contractors over security at the libyan consulate before the september 11th attack there. according to letters obtained exclusively by fox news, the company felt security provided by its operations partner was substandard. but the state department declined to be involved in bringing in a third party to improve the situation. and the next time you feel a cold coming on, you may want to rethink on loading up on vitamin d. researchers in new zealand found while the nutrient does boost the immune system, taking large doses does not appear to prevent colds. those are your news headlines on the fox business network. now back to dagen. dagen: thank you. will government regulation come up in tonight's debate? well, it's on the minds of some business people, including former bb&t ceo. i talked to him earlier at the commit forum on corporate responsibility and regulation. and i asked him what exactly he's trying to accomplish? here's some of that. >> this is a -- what
FOX Business
Oct 3, 2012 1:00pm EDT
, population growth rather. we are seeing essentially 125,000 net jobs created since 2009. we have a government report coming out. unemployment may take up to 8.2%. that also includes government layoffs. this is a rearview number. we know the durable goods number was really bad. will we see, you know, worsening job numbers going forward? a lot of fuzziness in the data. how do you look for it? you have to look at the long to your trend. over two years. you have to see well above that. lori: one of the things to keep in mind, there is so much data out there and so many revisions, initial jobless claims, government reports on the job situation, they are always revising. lately, it has been to the negative. >> we did see good solid 18,000 jobs in the sector. that is where the economy is being structured these days. 10,000 jobs in construction. manufacturing, 4000 jobs. melissa: we were looking at 113, does that make that same life? i just want to remind everyone that is not a good number. >> finding the list that the government number includes state and local layoffs. i don't think that adp number
FOX
Oct 2, 2012 4:00am PDT
. workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though inflation is not helping. but it may also drive up the cost of making some of those products there, as well. in our cover story, who gains as china's employee base moves up? despite china's present economic slowdown, the story of its workforce recently has been of migration from farm to factory. 25 million made the move in 1990. last year, that figure grew to 158 million. it has increased china's productivity and competitiveness. but lately, that workforce is demanding more. "they increasingly learn that there's a big gap in what they earn and some other people." the wage gap in narrowing. tw
FOX
Oct 5, 2012 4:00am PDT
regarding the united states, but also in those skirmishes between turkey and syria regarding the government in syria and the civil war that's taking place there. likewise the rapid devaluation of the iranian currency being fueled by hyperinflation seeing significant middle eastern money using a flight to quality trade by purchasing gold. > > speaking of which, everybody is talking about gold this week. is there too much bull? is it time to become a contrarian? > > i don't think so. gold has some interesting winds at its back. for example, today the ecb and bank of england met and kept rate policy the same, so we continue to see global inflationary policies out of central banks. likewise there continues to be union strife and worker strife in south africa, which will contribute to the metal. and then of course, as i mentioned, tension in the middle east is seeing significant middle eastern financial concerns buy gold in a flight-to-safety trade. > > have a good friday on this jobs friday john. > > thank you. looking ahead, this year's fourth quarter may be the best for job seekers since just
CNBC
Oct 8, 2012 1:00pm EDT
the relationship between this corporation is and the chinese government. it's been a key question. but for all of the questioning, a lot of it is conjecture. this aren't that many hard facts here, something i did ask chairman rogers about earlier today. >> we've had information from former and current huawei employees. we have both classified information. our foreign partners, australians and the british and others have passed along information they've seen whether it comes to huawei's activities which i think is a very clear indication i have no problem saying i would not use huawei equipment. i'd find other vendors. if you care about your consumer's data and the national security of the united states you need to look elsewhere. >> of course if you do believe, as i do, given my reporting on it, that the chinese are incredibly aggressive when it comes to cyber espionage, sue, and then you believe much wlaf of what is in this report, you certainly come to the conclusion if there is a telecommunications company that's becoming somewhat dominant around the globe that has the backing of or certain
FOX Business
Oct 2, 2012 1:00pm EDT
it around. eric schneiderman filing a lawsuit. jpmorgan chase says this happened before the government asked them to acquire the company. why the lawsuit now? is there a political motive but that the attorney general joined me in just about 20 minutes to discuss the allegations. plus, i have reaction from jpmorgan. we are all over this story. kraft carving out its candy and biscuit business today. they will bring you some tasty profits. time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange. our very own nicole petallides is standing by. nicole: trying to come back off earlier lows. you can see the index has turned back into the green. the banking index was the first to turn back into the green. u.s. banks were looking attractive. that started our day out. we are still saying weakness for the oil services next. taking a look at two now components. the first one is dupont. under some pressure here. wells fargo cut their earnings forecast on dupont. just talking about operating weakness and that has been a loser on the dow. down 1.3% right now. ci
CNBC
Oct 5, 2012 4:00am EDT
, and it will bei be not much else other than more government spending. and that won't make the difference. so i think fiscal uncertainty has to be removed in order for the corporates to spend the huge amount of cash that they're holding. and at this point not investing. the fiscal -- i don't want to call it the fiscal cliff because that's not so important. the question is getting certainty into the situation for corporates to invest again. >> okay, good to have you on on. plenty more to come from you. but what do you think the jobs number will be? let us know. e-mail or tweet us. so just over an hour into the trading day here in europe. let's show you where we stand. just weighted to the up side. pretty flat day for european stocks. 6:4 advancers currently outpacing decliners. we are a quarter percent higher on the ibex, as well. let's show you where we stand. yields are still below 6%. 5.8% mar begin alley higher. we'll keep our eyes on u.s. yields. we got down to 1.66 is where we stand at the moment on those u.s. ten years, as well. as far as currency markets are concerned, euro-dollar just h
FOX Business
Oct 5, 2012 11:00am EDT
government and deregulating and what his recovery look like, month after month of 500, 600, 900,000, over a million jobs in 1983. dagen: back to the original point, mitt romney has to avoid trying to discredit this number. >> he will not do that. [talking over each other] >> ronny isn't going to discredit or do what jack welch did but what he is going to say is the obama recovery such as it is and various other economic indicators you talked about which indicate it is slowing down and stagnant and might be slipping into recession. that is the perception that the average american and average voters operating with. dagen: perfect to see you. nice discussion about the number of people working that called the unemployment rate to drop below the 8% mark. eight hundred seventy three thousand was the number in the household survey. our next guest has been talking about this that the economy is not as weak as you might think. scott minored is joining me now from santa monica. you called it but do you think this is in some way a 1 off? >> you said it amended ago. these numbers have a lot of volati
PBS
Oct 4, 2012 4:30pm PDT
-- all this while cutting tax rates and not changing the amount of money the federal government brings in. an analysis by the tax policy center shows governor romney will have to make some big tradeoffs. >> so, governor romney has made five promises. he can't keep them all. he is going to have to, at some point, abandon one of those promises. he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zo, i think, is wrong. and once you relax that assumption, then, all of a sudden, other things start to be possible. >> reporter: but it's hard to be sure about the impact of tax cuts on the economy, which is why the experts in congress and the treasury who are responsible for estima
PBS
Oct 5, 2012 4:30pm PDT
have is hiring that is concentrated, most recently, in the government sector. hiring that is concentrated, most recently in education and healthcare. a little bit of positive news coming from construction. but in a lot of the business services and goods-producing industries and manufacturing, things look pretty soft at this moment. >> reporter: in addition, 2,000 temporary jobs were cut, which is often looked at as a barameter of future employment. but, the average work week rose to 34-and a half hours... and employers typically boost the workload of existing staff.. before taking on new workers. with all these cross-currents, the employment situation may be but the bottom line seems to be that the economy is improving, but not nearly as quickly as most people would like. >> we lost so many jobs during the great recession, that we are slowly clawing our way out of that hole.. but still at a pretty slow pace." >> reporter: the government's next jobs report will come out just 4 days before the presidential election. by then, many voters will have made up their minds. so
CNBC
Oct 3, 2012 4:00pm EDT
the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank of england, fed, ecb are doing with monetary policy. the fed is now at the extreme. we've tied our monetary policy to unemployment rates. the concern is that's going to bleed into inflation in their markets. you have half the world, the developed market, saying reflation, reflation, reflation. at the same time, the eu markets want to grow, but they don't want that inflation. so they're at odds. that's why you hear brazil's government telling you there's somewhat of a currency war going on. so, look, there's always something. going on. i mean, it's been a very volatile year. the market is up 33% over the last 12 months. there's been plenty to do. our view is this volatility is creating opportunity. you've got to be global. you've got to be across multiple assets. you have to be coordinated in terms of your approach. we're finding a lot of different things to do across both our liquid bus
CNBC
Oct 8, 2012 7:00pm EDT
, would this prevent emergency actions by the state government? there's some descriptions about school districts, small towns going bankrupt, even detroit. would this prevent any of those emergency actions? >> well, it would make it very challenging. in fact, we have an emergency manager law used, but when it's used it's a major help to prevent bankruptcies and other challenges. that's also on the ballot. this would override that and leave us in a spot where communities might have bankruptcy as an option, and that's a very bad answer. >> governor, let me just ask you, what are the mechanics of this thing? in other words, if they get collective bargaining as a matter of state constitutional rights, does that undo all of your reforms as you call it to the michigan comeback? does that give the unions power even over the state legislature? is it that bad? >> it would in many aspects take us back in time and give a lot of power to unions in terms of the negotiating process and really wipe out a lot of benefits we have. we're the comeback state. we've gone through tough recessions before. we
FOX Business
Oct 8, 2012 6:00pm EDT
in yours? is government regulation to blame? for mitt romney calling the president pass it when it comes to foreign policy. a complete analysis. welcome to "the willis report." hello, everybody. i'm gerri willis. the united states and china on the verge of a new high-stakes, high-tech war that some say we are already losing. an explicit congressional report a year in the making out today blasting to of china's biggest telecom companies saying they cannot be tested and should not be doing business in this country. the two companies are accused of a host of illegal activities that include everything from bribery and corruption to emigration fraud. what does it mean to make joining me now, k. t. mcfarland and former dick be secretary of defense and china expert gordon chang, author of the coming collapse of china. i cannot imagine a better panel. i am going to start with you. reading you some of the results from this report. chinese actors are also the world's most active and persistent perpetrators of economic espionage. u.s. private sector firms and cyber security specialists reported ong
FOX Business
Oct 9, 2012 1:00pm EDT
that government was heavily subsidizing green energies in other industries. u.s. is also subsidized green energy and one international trade attorney who opposes the subsidies altogether says u.s. tariffs will only harm consumers. >> once that is done american consumers will start paying quite a hefty tax on imports of chinese solar panels, at the same time we'll be seeing price increases of the other solar panels. typically china is a price driver in the market and will see all imports and domestic solar panels prices go up. >> united states has stepped up complaints and stainless steel sink, flooring, steel grating, bricks and much more. chinese have responded most notably for u.s. support of the auto industry. also fixed the presidential campaigns. president obama chooses governor romney of sending american jobs to china during his time at bain capital. romney called the present week on china promising stricter and forcing trade practices bowing to label a currency manipulator. some argue stronger rhetoric and tourist will lead to a loss for american consumers and u.s. companies conducting bu
CNBC
Oct 2, 2012 4:00am EDT
. this as the spanish government is apparently ready to ask for a full bailout, but is being told to wait by germany. angela merkel is reluctant to put more aid requests in front of her parliament, both sides have denied that story. but it does come just a day after meeting between the eu and sm spanish economics minister. julia is in madrid with her own thoughts on this. you heard jim says it's only a matter of time really, so we just have to work out when. >>> that's certainly what the markets expect. also the message is that it's really difficult for the germans to say, hey, these three separate times on greece, cypress and perhaps on spain particularly after they've just received the banking bailout. the biggest shift seem to be in perhaps the spanish sentiment in this article that they're ready to ask as early as this week. so critical to him. they have to think of a bailout and also the enhanced credit line. it doesn't really make a distinction between the two. but of course the budget that we got at the end of last week suggested that they were laying the foundations of course for aid and of
CNBC
Oct 5, 2012 6:00am EDT
to the governments. they have to fulfill their requirements. so here we are at the best levels of the day, as well, and indeed euro-dollar is up above 1.50. and spanish bond yields, still just below 6%. italian yields fairly contained, as well. so it's all about the employment report today which leaves -- somebody has mysteriously left what looks like a martini glass. i'll come back into the light. shaken, not stirred. >> man, does he look the part. >> yes, you do. i wonder who could be messing with your lights. thrush? no, not spectrum, spec ter mayb. it was mostly just the russian, right? >> and i remember the later ones more. >> i see oo 7 at the u.s. open tennis all the time. that's where sean connery hangs out.7 at the u.s. open tennis all the time. that's where sean connery hangs out. looks like we're going down a drain. the show has been going down the drain. that's a good pose there. shaken not stirred. thank you, ross. we'll see you later. have a great weekend. if you have satellite tv, could you probably get the reds game maybe. >> maybe. >> we are in count down mode this morning. jobs r
CNBC
Oct 3, 2012 4:00am EDT
services sector. >>> and more signs of trouble for the spanish government as the latest figures show its corporate tax revenue has tumbled. mariano rajoy issues the latest denial that he's ready for a bailout. >>> we now have the latest numbers crossing for the eurozone services pmi. the september final services read coming in at 46.1. an improvement that we have seen from the 46 number. this is still the lowest level we're seeing since 2009. the forward indication 49.4. in terms of what we're seeing on the final comp sit pmi, this is above the 45.9 read that we have, but just a fraction below what we saw in august, the rate was 46.3 then. this is the lowest read since may 2009. in terms of new business number for the composite september rate, 43.8. we're still right back at some of these 2009 lows. >>> elsewhere, the numbers are not that much better. lisa has more on these numbers out of china. >> official data showed china services sector fell sharply in september to its lowest level in almost two years. it shows the rest of the economy has started to feel the effect from the sluggish
FOX Business
Oct 9, 2012 4:00pm EDT
sensitive information about americans with the chinese government. now, the house committee investigating huawei says the company has not been very cooperative in answering questions and sanctions against the company are now looming. liz: bill plummer is joining us now. you picked the short straw. i mean, these are unbelievable allegations and, in essence, it comes out of a report. it's not a sanction yet, but this report out of congress finish -- and in essence the house intelligence community saying not only could you guys be a vehicle for spying, but also that there are bribery and violations regarding all kinds of other issues. so your response, first, to the big one, and that is that you guys would put in equipment and put in some type of back door that would enable you and the chinese government to spy on the united states. what do you say to that? >> well, a threshold observation, it's absurd. huawei is a $32 billion multi-national company doing business in over 150 markets with over 500 telecommunications operator customers including the national operators across virtually every o
FOX Business
Oct 2, 2012 3:00pm EDT
: i love teddy. he has been well funneled and it is kind of obvious, it is the government trade, the central bank trade. >> i was shocked to not hear him say that. bernanke said a few years ago we have a problem. it would not be solved by the people in congress or in the white house. he actually said, this is not a deep secret, he can get the stock market and financial assets to go up in price. he is continuing to do it. last week with a billion dollars -- the stock market is key. we have this stock market being pushed by the fed which is the biggest bank in town. they are bigger than all the chores and hedge funds. the economy is not doing well. that is when he said he would stops along the the economy is not in play. liz: the nasdaq up 33% year over year. the s&p up 31%. what is the plan? what would cause that surprised? >> i think there is also a possibility of a negative surprise. my guess would be, not a prediction, my guess would be we could have all three things that have been concerning the market for the last three years. china, europe and the u.s., all three of them, c
FOX Business
Oct 4, 2012 4:00pm EDT
crisis? john allison bleed religion in the banking industry, says he can prove a was too much government. not too little that is to blame. john allison, joining us. cleveland is open for business. one company took a big gamble opening the first casino in ohio this year. in cleveland for an interview with senior vice president of horseshoe casino coming up. [ male announcer ] what if you had thermal night-vision goggles, like in a special opsission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. take the steps to reach yours, everyowith usgoals. with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so the
FOX Business
Oct 8, 2012 9:00pm EDT
, and that is why they were able to do that. also, they get the backing of the chinese government which is why they grew from nothing to second-largest company in 25 years. it was done by this former chinese colonel. how did that happen? rri: that is a big question. the ceo of the company, mr. remand the of former military, no experience in this industry raising more questions than it is answering. gerri: why would we put ourselves at that level of vulnerability? we are alrey so vulnerable to china. hillary clinton even says, you don't pick a fight with your banker. if three of them so much money why would we aso make ourselves vulnerable? our entire critical infrastructure. gerri: china is buying goods and services and jobs and land. coal mines all over the planet. at some point how you stop? >> they are going to stop themselves. too much in the way of commodities. the iron ore has been put into granaries, storing copper and car parts because they cannot use all the a but. manufacturing has contracted for 11 straight months, and the economy is flat line right now, so they have a predicament w
CNBC
Oct 3, 2012 6:00pm EDT
america far more than i trust the government's balance sheet. this is hardly a reckless position and would encourage companies to reward shareholders by issuing and raising dividends. i would actually raise the tax on capital gains. why? you get gains when you sell stocks. i don't want people to sell stocks. i want them to own stocks, not sell them. plus if you raised the tax on capital gains, the company that do buybacks would continue to do them, continue to waste the shareholders' money like they do now. put the money in the owners' pockets, not the sellers' pockets, by encouraging saving, not flipping. point number two, we have to clean up these markets. clean up the markets and encourage people on the sidelines to come back in. clean up the stables, like hercules. i would do that by appointing preek bharara as attorney general of the united states of america and have him go after all the insider traders. at the same time, presidential candidate interested in higher stock prices should vow to bring back arthur leavitt. should be rolled back tomorrow. third, i would say from the first d
CNBC
Oct 8, 2012 6:00am EDT
, a lot of government jobs added. but for some reason, i've always been told you need 200 to 250 to make a dent. 114 got a 300 basis point drop? it's crazy. and there's a reason -- you know what they're calling people that are saying this. they're calling help truthers. throwing them in with the birthers. >> i don't believe that there was conspiracy to make the jobs number -- >> i know that. and anyone that says that will be called a truther. so you don't say the government's lying. you can't say that. yet if you add in two months more government workers than at any it time since 1948 for the past two months, the government can do -- >> but that goes to his point the u-6 number is -- i don't know if it's more accurate. >> it's broader and takes in to account the part-time workers that don't want to be part-time. they want the full-time job. so it's a broader measure of giving us the breadth of the labor market and the health of it and that's why when i say the unchanged number, i sort of ignored the headline number and didn't think it was that big of a deal. >> normally we'd focus on the
CNBC
Oct 5, 2012 12:00pm EDT
a stimulus. hire more government workers. he's is going to pick winners and losers line solyndra. a friend of mine said no he doesn't like picking winners and lowers he just likes picking losers. and so, of course he's in favor of higher taxes. yesterday the vice president blurted out the truth. he said in fact they do want to raise taxes a trillion dollars. i don't want to raise tax on any americans because i want to create good jobs in america. now, i take america in a very different direction. first of all i want to make sure that our policies encourage job growth and i have five things i'll do, you've heard me describe them time and again. but five things i'll do that will get jobs growing in this country again and growing right here in this part of virginia as well because number one on my list is to take full advantage of all our energy resources, our oil, coal, gas, our nuclear, our renewables. and i know you care a lot more about coal than the other ones i mention sod let me remind you that when the president was running for office, he said that if you built a new coal fire plant w
CNBC
Oct 4, 2012 9:00am EDT
. i think the numbers are not actually accurate that the government projects there. but the last four months was remarkable because usually equities and growth, you know, merge together. sometimes equities anticipates it. sometimes it lags. but growth numbers keep falling. and yet the equity market keeps rising. i think the s&p is now -- should be thought of as a different sort of class of instrument used by investors around the world. i think now that the yield of the ten-year or of corporate credit, i think it hasn't been this tight since the '50s. and i think therefore if you look at it on a yield basis and if you believe that multinationals, leading multinational companies will have enough growth to have growth, and i think that's actually true, because global growth, from a consumer standpoint and spending is going to be positive, then in a way these equities are mispriced relative to, you know, the ten-year. >> so you're talking about the idea which we've seen in force, buying these larger stocks that have significant dividend yields, you think that's creating a new dynamic, tho
CNBC
Oct 8, 2012 9:00am EDT
in power coming up in china. typically there is inaction on the part of the government in terms of huge programs where it be stimulus or not. many expect you may not get something substantive still march. there's also a great deal concern about the financial system. you hear it a lot. we all talk about the lack of validity of many of the statistic that is we still rely on. but within the financial system itself, where the debt really is, a number of metrics that are followed and thought to be worthy of following are not looking great. there's continued concerned. >> we're running smack into -- our companies have to tell the truth. but there's a huge cohort of companies in our company that don't need a whole lot of growth. so we're funneling into winners and leaving aside cyclicals as losers. >> world bank goes from 8.2 to 7.7. if you think 5 to 6 is the real number, should we be bracing for more -- >> yeah. look, these guys want to do everything incremental but the data's bad. i saw someone recommending gm today on strength of china sales. everyone wants to get ahead of the turn. but no
CNBC
Oct 9, 2012 6:00am EDT
government austerity cuts. pensioners clashed with riot police and burned an eu flag. german chancellor angela merkel is scheduled to arrive in athens at about 6:30 eastern time today for a six hour visit. police banned protests in most of central athens and 6,000 officers are trying to keep control. this is merkel's first stop will greece since the debt crisis kree resulted back in 2009. and carolyn roth will be joining us live. >>> and both president obama and mitt roy in will be in ohio today. voters in the swing state are getting their last chance to register for next month's election. the polls are now all over the map. pew has romney up four points, but gallup says the positive jobs report gave president obama a five point boost. among our guests, ken langone and donald trump. and focusing on issues of foreign policy and national security, we have senator john mccain. and by the way, if you went to sleep early last night, the texans beat the jets 23-17. this win brings the texans perfect record this season to 5-0. we will have more in squawk sports. first andrew has the morning's
FOX Business
Oct 5, 2012 1:00pm EDT
-- it is hard to identify your own government. melissa: absolutely. let's talk about his challenger a little bit. henrique -- i am going to state his last name wrong. that is far right compared to chavez. what would he need for the country and what would he mean for oil? they both promised to increase oil production. that is insane. right now they produce 1.7 billion barrels a day. production is down 25% since 2001. those are both crazy goals. but with this other guy mean? >> a well-known family and venezuela. he is well-educated. he is liked. he is likable. he is young. he has all of the, let's say, what venezuela needs. he has a fair chance. venezuela is a strange case because $100 oil, chavez is an 1800-pound gorilla. there is no way that the price he will try to produce -- the problem is us, the united states. we've shot ourselves in the foot for instance with the keystone pipeline. melissa: we have to do this again. we are out of time. it is so great to see you again. i hope you will come back soon. >> thank you. melissa: trading on today's jobs numbers. next we have a market strategist to
CNBC
Oct 9, 2012 5:00pm EDT
for a rebound in chinese stocks because the chinese will also bring money off the government changing. and you can easily get 20% or 30% rebound. i personally don't particularly like chinese companies. i would rather play into the hong kong market. basically i think that qe 3 which is unlimited and the bond purchase side and the bailout of countries has been largely discounted by the market and the market has been weakening technically. so i believe that we may have here quite a serious setback. >> let me ask you something. is there anything that would change your mind, any kind of policy change or does the down 20%, would that be a catalyst for you to use some of that cash you're stock piling? >> actually, i'm just reiterated milton freedman's words. i just don't understand that people like yourself can all the time point out the policies that will save the system. we need less policies, not more policies. >> is there some policy that maybe would be a retraction of qe 3 or all of them? >> i would love to see everywhere in the world certainly in the western world government expenditures and go
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